Abbie Strabala: Changing the Fundraising Narrative for Female Founders
Abbie: Thanks for having me, Spiffy! Increasing representation of those who haven't historically sat at the table. True Wealth Ventures invests in early-stage, women-led companies improving human or environmental health. In 2022, across the US, 2% of venture capital (VC) dollars went to all-female-founded companies, according to PitchBook. For companies with a male in the founding leadership, that number jumped to 14.9%. For all-female teams, the numbers have changed little in the last ten years. In fact, VC dollars for all-female companies sat at 2% in 2012 and peaked at 2.9% in 2013. Meanwhile, the trajectory for male and female teams more than doubled from 6.9% in that decade. True Wealth Ventures hopes to change that narrative for female founders.